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Just as uncertainty associated with COVID-19 pandemic was abating, Russia invaded Ukraine. Uncertainty endured, shifting from pandemic to war, affecting all countries but in different ways. Above-target inflation rates and inflation surprises have helped reducing debt-to-GDP ratios but such...
Persistent link: https://www.econbiz.de/10015060565
(IEO), which provides an early evaluation of the Fund's emergency response to the initial stage of the COVID-19 pandemic and seeks to draw lessons from the experience for responding to possible future global crises. They highlighted the report's key finding that the Fund's response was effective...
Persistent link: https://www.econbiz.de/10015059573
This paper, prepared by a working group of IMF staff, provides a preliminary assessment of the risks and potential impact to the global economy and financial system from a possible avian flu pandemic, discusses the IMF’s role in helping member countries prepare their economic and financial...
Persistent link: https://www.econbiz.de/10014403697
To better respond to the unprecedented demand from the membership for financing and crisis support in response to the covid-19 pandemic, there is a temporary postponement of staff's work on Article IV consultations and mandatory Financial Stability Assessments. To ensure the postponement has no...
Persistent link: https://www.econbiz.de/10014408792
The past few decades have seen important shifts that have reshaped the global trade landscape. As a share of global output, trade is now at almost three times the level in the early 1950s, in large part driven by the integration of rapidly growing emerging market economies (EMEs). The expansion...
Persistent link: https://www.econbiz.de/10014410225
Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries … developing countries to choose fuller participation in the world trading system …
Persistent link: https://www.econbiz.de/10014411036
set up by treaty in 1945 to help promote the health of the world economy. Through its work, the IMF helps to keep the … world economy running as smoothly as possible. Its work is aimed partly at the prevention of economic and financial crises … countries' economic size, determine countries' voting power in the IMF and the limits to what they can borrow. The IMF and World …
Persistent link: https://www.econbiz.de/10014397381
The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no...
Persistent link: https://www.econbiz.de/10014396105
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10014402215
The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff … economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world …
Persistent link: https://www.econbiz.de/10014403935